HSBC Holdings Share News (HSBA)

UPDATE 3-British banks spared worst outcomes in competition probe

* CMA had power to recommend bank break-ups * CMA says free bank accounts do not distort market * TSB CEO says long way to go to improve competition * Consumer group says measures are underwhelming * Lawmakers to quiz CMA on findings on Nov. 4 (Adds comments from Treasur

EU bank watchdog says UK, other countries adhere to "allowances" crackdown

LONDON, Oct 22 (Reuters) - Regulators in Britain and elsewhere in the European Union are cracking down on illegal "allowances" that top up bankers' pay to skirt a cap on bonuses, a top EU regulator said on Thursday. Andrea Enria, chairman of the European Banking Authority (EBA), said the wa

UPDATE: UK CMA Pushes Switching On Ruling Out Break-Up Of Big Banks

BROKER RATINGS SUMMARY: Merrill Lynch, JPMorgan Cut Pearson To Neutral

CMA To Push Account Switching As It Rules Out Break-Up Of Big Banks

UK competition body decides against end to "free" banking

LONDON, Oct 22 (Reuters) - Britain's competition watchdog has decided against recommending an end to "free" in-credit banking or forcing the break-up of big banks to improve competition in UK banking sector, but has recommended measures to aid easier comparison of accounts. The Competition

UPDATE 2-Bank of England restricts stress tests to largest UK retail banks

(Adds banking reaction) By David Milliken and Huw Jones LONDON, Oct 21 (Reuters) - Britain's smallest lenders and units of foreign investment banks operating in the country will escape the Bank of England's stress tests, the central bank said on Wednesday, as the country seeks to boos

GSK joins China trade push as UK trumpets healthcare deals

LONDON, Oct 21 (Reuters) - GlaxoSmithKline's chief executive is joining a new panel to promote trade between Britain and China, just over a year after the drugmaker was handed a record fine of nearly $500 million for bribing Chinese doctors. The group has since been rebuilding its position

CORRECTED-Ex-divs to take 8.9 points off FTSE 100 on Oct 22

(Corrects Oct. 20 story, headline to add omitted Rolls-Royce ex-dividend) LONDON, Oct 21 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current

UPDATE 1-Britain has not watered down new bank rules- Bank of England's Bailey

* BoE defends axing 'guilty until proven innocent' rule * Rule had risked legal challenge - BoE's Bailey * Bailey would warn lawmakers if 'light touch' returns (Adds more detail, Carney comments) By Huw Jones and David Milliken LONDON, Oct 20 (Reuters) - British finance

New UK bank rules not watered down - Bank of England's Bailey

LONDON, Oct 20 (Reuters) - A decision by British finance minister George Osborne to scrap "guilty-until-proven-innocent" rules for bankers in Britain will help avoid legal uncertainties and does not represent a watering down of the reform, Britain's top banking supervisor said. The change a

Banks say new rules will double capital needed to cover securitised debt

* Banks say new rules would quadruple overall capital needs * Basel says most banks unaffected by new rules By Huw Jones LONDON, Oct 20 (Reuters) - Banks will have to double the amount of capital they hold to cover possible default on their pooled-debt under planned new global r

PRESS: HSBC Leans Towards Keeping Headquarters In UK - Sunday Times

HSBC now 'leaning towards staying in Britain'

(ShareCast News) - HSBC has reportedly now moved in favour of remaining in the UK following a serious of changes to planned reforms within the banking industry. The bank, which had threatened to move its headquarters out of Britain, is said to have been placated by Chancellor George Osborne's decisi

UK competition body expected to call for clearer bank fees

(Repeats story first filed on Oct. 16) * Watchdog unlikely to recommend bank break-ups * Findings due to be published next Thursday * Executives at smaller banks want more transparency * Scrapping 'free' banking seen as politically unpalatable By Matt Scuffham